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Weekly forecast Australian Dollar / Japanese Yen technical chart

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 8, 2022 - 23:45
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 78.800, beginning of uptrend is expected.
  • We make sure when the resistance at 86.000 breaks.
  • If the support at 78.800 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 84.29 on 01/05/2022, so more losses to support(s) 82.74, 82.01, 81.25 and minimum to Major Support (78.80) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

Supports and Resistances:

  1. 86.00
  2. 84.95
  3. 84.00
  4. 81.25
  5. 73.10
Click on the level to view price action history.